Taylor Lautner would be $40,000 richer today -- if he weren't donating the money to charity.
The Twilight actor, 18, reached a settlement with McMahon's RV Friday after the California-based company failed to deliver a trailer to the set of Abduction by June 21.
"McMahon's RV has agreed to settle its dispute with Taylor Lautner. McMahon's RV will pay $40,000 to Lautner, which Lautner will donate to The Lollipop Theater Network, a children's charity with which he has a long-standing relationship," Lautner's attorney Robert Barta tells UsMagazine.com exclusively.
Adds Barta: "The Lollipop Theater Network is a non-profit organization dedicated to bringing movies currently in theaters to children confined to hospitals due to chronic or life-threatening illnesses. The Lollipop Theater Network works with hospitals nationwide, including the greater Los Angeles and Orange County areas.?"
Though TMZ claimed Lautner suffered from "emotional distress" over the incident, a source tells Us that simply wasn't true.
"This was never a suit about money. It was to hold someone accountable," the insider says. "Taylor never ordered a customized RV -- it was a used RV which needed simple safety-related repairs. There was never any diva behavior. 'Emotional distress' is an automatic checked box on a fraudulent claim."
Reps for Lautner could not be reached for comment.